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Kenya's foreign currency reserves have experienced a significant increase of Sh51.3 billion, reaching almost the necessary threshold of four months' worth of import cover, in just sixteen days after receiving a substantial loan from the International Monetary Fund (IMF).
The pool of critical reserves surged to Sh1.1 trillion ($7.134billion), equivalent to 3.81 months of import cover, in the week ending February 1, the Central Bank of Kenya (CBK) weekly statistical supplement showed on Friday.
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